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Swoop Holdings Limited ( (AU:SWP) ) just unveiled an update.
Swoop Holdings Limited has announced a partially underwritten entitlement offer to raise up to $10 million to fund the Melbourne Fibre Project and support working capital. The company is undergoing a strategic shift with a ‘Focus. Divest. Grow’ strategy, including board renewal and a search for new independent directors. The entitlement offer is divided into institutional and retail components, with significant participation from directors and senior management, highlighting their commitment to the company’s growth.
The most recent analyst rating on (AU:SWP) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Swoop Holdings Limited stock, see the AU:SWP Stock Forecast page.
More about Swoop Holdings Limited
Swoop Holdings Limited is a telecommunications company focused on providing mobile virtual network operator (MVNO) services, nbn opportunities, and fibre network solutions. The company targets value-led households, hyperscale data center operators, and enterprise customers, emphasizing customer service and strategic network construction.
Average Trading Volume: 98,552
Technical Sentiment Signal: Sell
Current Market Cap: A$32.17M
For a thorough assessment of SWP stock, go to TipRanks’ Stock Analysis page.